Lot 120 Town Centre Building Comprising Two Shops, A Flat And With Scope For Further Sub-DivisionAuction Date:
18th September 2025
19-21 School Green Road, Freshwater, Isle Of Wight, PO40 9AJ
Key Features
The ground floor of 19-21 School Green Road traded for many years as Elliotts, a popular and well-known local retailer, though in more recent times the smaller shop (19) was separated off and let, leaving No. 21 trading under the Elliotts banner. The lock-up shop (19) is held under the terms of a (150-year) long leasehold title. The larger of the two retail units (21) is held on a freehold basis and includes a first floor residential flat which is let under the terms of an Lodger Agreement.
It is considered that there may be scope and potential for further sub-division of the substantial staff amenity space to the rear of the larger shop to provide a further residential unit, subject to all necessary consents being obtainable.
19 School Green Road
Ground Floor
Vacant shop unit including main sales area, rear kitchen/staff amenity area and staff cloakroom with W.C.
Tenure
Remainder of a 150-year lease from 11th September 2015.
21 School Green Road
Ground Floor
Substantial former retail shop with rear store room. Staff amenity area to the rear which includes kitchen, living room and bathroom with W.C.
21A School Green Road
First Floor Flat
Landing, living room, bedroom, kitchen and shower room with W.C.
Tenure
Let under the terms of a Lodger Agreement from 1st November 2024 with a 4 week notice term at a current rental of £450 per calendar month.
EPC Rating for the whole building
C (68). Total Floor Area 379 sq.m.
Council Tax Band A
Outside
There is a car hardstanding space to the side of the property suitable for a small car and there is a ribbon of garden to the side of the building.
Local Planning Authority
Isle of Wight Council. Tel: 01983 823552. Website: iow.gov.uk.
Part Freehold, Part Leasehold with Vacant Possession
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
